Stock Price Action: Trishield Capital Management Llc Just Opened Huge J.G. Wentworth Co Position

Stock Price Action: Trishield Capital Management Llc Just Opened Huge J.G. Wentworth Co Position

The New Trishield Capital Management Llc Holding in J.G. Wentworth Co

Trishield Capital Management Llc filed with the SEC SC 13G form for J.G. Wentworth Co. The form can be accessed here: 000091957416016792. As reported in Trishield Capital Management Llc’s form, the filler as of late owns 14.7% or 2,311,589 shares of the Finance–company.

J.G. Wentworth Co stake is a new one for the for this institutional investor and it was filed because of activity on November 15, 2016. We feel this shows Trishield Capital Management Llc’s positive view for the stock.

J.G. Wentworth Co Institutional Sentiment

Latest Security and Exchange filings show 44 investors own J.G. Wentworth Co. The institutional ownership in Q3 2015 is low, at 44.04% of the outstanding shares. This is increased by 9843 the total institutional shares. 10762940 were the shares owned by these institutional investors. In total 2 funds opened new J.G. Wentworth Co stakes, 22 increased stakes. There were 7 that closed positions and 13 reduced them.

Andy Redleaf Whitebox Advisors Llc is an institutional investor bullish on J.G. Wentworth Co, owning 1050364 shares as of Q3 2015 for 0.23% of its portfolio. Whv Investment Management Inc owns 190686 shares or 0.03% of its portfolio. NY Trishield Capital Management Llc have 15.46% of their stock portfolio for 2826764 shares. Further, Scharf Investments Llc reported stake worth 0.01% of its US stock portfolio. The CA Cohen Capital Management Inc owns 317668 shares. J.G. Wentworth Co is 0.47% of the manager’s US portfolio.

Business Profile

The J.G. Wentworth Company is a diversified financial services company. The Company focuses on providing solutions to consumers in need of cash. The Company conducts its operations through two segments: Structured Settlements and Annuity Purchasing (Structured Settlements), and Home Lending. The Structured Settlements segment provides liquidity to individuals with various financial assets, such as structured settlements, annuities, and lottery winnings, by either purchasing these financial assets for a lump-sum payment, issuing installment obligations payable over time, or serving as a broker to other purchasers of those financial assets. The Home Lending segment is primarily engaged in retail lending, originating primarily Federal Housing Administration (FHA), Veterans Administration (VA) and conventional loans. The Structured Settlements segment operates with various brands, including J.G. Wentworth and Peachtree.

SEC Form 13G is required when the filer owns between (5% and 20%) of a company and plans to hold it only as a passive investor. In case the filler intend to exert control and the stake’s exceeds 20%, then 13D Form must be filed. These filings can NOT be a precursor to “change of control” events such as hostile takeovers, company breakups or others.

Insitutional Activity: The institutional sentiment decreased to 0 in 2016 Q2. Its down 0.03, from 0.03 in 2016Q1. The ratio worsened, as 34 funds sold all JG Wealth Manag shares owned while 1 reduced positions. 0 funds bought stakes while 1 increased positions. They now own 243,004 shares or 97.62% less from 10.19 million shares in 2016Q1.

Brave Asset Management Inc has 24,000 shares for 0% of their US portfolio. Scharf Invests Limited Liability Corporation holds 71,371 shares or 0% of its portfolio. Cohen Inc holds 0.01% or 115,633 shares in its portfolio. California Employees Retirement System holds 32,000 shares or 0% of its portfolio.

It is down 6.00% since October 19, 2016 and is uptrending. It has outperformed by 1.57% the S&P500.

More recent JG Wealth Manag (CNSX:JGW) news were published by: Business.Financialpost.com which released: “Stock exchange cracks down after stream of ‘shell’ companies make it to market” on March 07, 2016. Also Nj.com published the news titled: “JG Petrucci Co., Inc. and Iron Hill Construction Management donate $70000 to …” on October 24, 2014. Democratandchronicle.com‘s news article titled: “Small business spotlight: Council Rock Wealth Advisory Group” with publication date: February 21, 2016 was also an interesting one.

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